Abstract
The purpose of this study was to investigate the current status of Olive flounder(Paralichthys olivaceus) aquaculture in Jeju, and to evaluate economic effectiveness based on the investigated current aquaculture situations. For the analysis, 59 flounder aquaculture farms in jeju Island are surveyed. Based on the production and management investigation results, it was shown that the survival rate was averaged to be 54.5%, the cost was higher in the order of feed cost, depreciation cost, and labor cost. The average profit margin ratio was 23.1%. Result of the economic analysis shown that, NPV and IRR of the Olive flounder aquaculture were 17.9 hundred million won and 16.0% respectively.
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